Monero XMR/USD is trading at 287. The cryptocurrency is traded within the Ichimoku Kinko Hyo Cloud, which indicates the presence of a flat trend on the Monero. The Ichimoku Kinko Hyo Cloud upper limit test is expected near level 295, from which one should expect a rebound and an attempt to continue the fall of the cryptocurrency with a target at the level of 245. An additional signal in favor of the fall will be the test of the upper boundary of the bearish channel.
Monero forecast & analysis XMR/USD on February 28, 2018
Earlier, a weak signal was received for buy of Monero cryptocurrency, due to the crossing of signal lines at level 265. Cancellation of the option of falling quotes Monero will be a breakdown of the upper boundary of the Cloud Ichimoku Kinko Hyo with the closing of quotes above the area of 315, which indicates the change of the flat trend in favor of the bullish trend. Expect the acceleration of the fall in quotes XMR/USD is with the breakdown of the support area and closing below the level of 270.
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